By Andrew M Spencer — Oct 26 - 07:50 PM
+0.1% with E-minis up 0.5% on upbeat Amazon outlook, after closing up 0.15%
There is no UK data or scheduled BoE events - risk appetite, USD to lead
Offshore news, UK retailers suffered the joint-worst October on record: CBI
The outlook is subdued, as inflation continues to hit household spending
Charts; 5, 10 & 21-day moving averages coil, neutral momentum studies
21-day Bollinger bands slip - mixed signals as range trading dominates
Choppy consolidation in the October 1.2038-1.2337 broad range set to extend
1.2070 Thursday low and Wednesday's 1.2175 high initial support, resistance
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Source:
Refinitiv IFR Research/Market Commentary